“Terra Nova” cancelled by Fox

Steven Spielberg’s new television show “Terra Nova” was called off by Fox after its first season. The show premiered last September and ratings have not been up to par.

“Terra Nova is a big swing – and the best of Fox tends to be big swings, in concept and/or tone,” Fox Entertainment President Kevin Riley told Hollywood Reporter about the risk of airing the show. “We are in the big-bet business. So if you’re looking to break through and garner a big share of a fractured audience, and it is going to be costly regardless, you take the most exciting shots you can for your audience.”

The two-hour premiere of the show cost Fox between $10 to $20 million, and the station was unable to spend that much with such low ratings.